Fuel supplies in April and beyond will take time to return to pre-crisis levels even if oil shipments resume, the International Energy Agency has said. Photograph: Tolga Akmen/PAIreland faces weeks more disruption to energy markets which at a minimum will be “more severe” if the war in the Gulf persists, the International Energy Agency (IEA) has told the Government. Government sources said there were no concerns about supply to Ireland, but the impact of shortages on market prices would hit energy consumers here. IEA executive director Fatih Birol, told the Financial Times on Friday the conflict was “the greatest global energy security threat in history”, with politicians and markets underestimating its scale. Tánaiste Simon Harris told RTÉ a “major global economic shock” could not be ruled out.

Source: The Irish Times March 21, 2026 10:25 UTC